OECD Framework for the Automatic Exchange of Information on Immovable Property

The OECD has published a report on a Framework for the Automatic Exchange of Readily Available Information on Immovable Property. Prepared at the request of the South African G20 Presidency, the report sets out a voluntary framework designed to increase tax transparency on immovable property through automatic exchange of information. This is meant to provide tax administrations with the information needed to assess whether funds used to acquire immovable property are properly declared and ta…